However, there are multi-family properties for sale near the 21st Street Queensbridge subway station that sell for around only $1 million, because it's located near the government housing projects.

One reference says he has rented to this group for 4 years and 12 checks are ready at a local gas station on January 1st and you just cash one each month!

Do you know of any other areas that are near train stations or any other areas that are reasonably price in a good neighborhood?

My dad did go to the police station to see if they planned on taking any action against the tenant.  

currently stationed in Virginia for the next 2 years.The plan; Buy a duplex/tri/quad in Virginia with my VA loan (can do down payment to ensure cashflow, if needed).  

I am currently stationed overseas and I am looking to start out In wholesaling in preparation for bigger real estate deals. 

The property is a block from the closest metro station and my most recent and best comp was purchased for $530k and in three months sold for $1.3M one block away.

Thanks for the replies guys,I actually messed up the numbers a bit, revenue will be 37 200$ so resale value puts me at roughly 521 000$To be honest, I didn't really have a goal when I bought it 4 years back, my parents were divorcing and it was offered to me with a 100 000$ rebate, so I just jumped on it and told myself id figure something out.221 000$ dollars of equity later and 1 year working in the middle east ( the 150 000$ coming in this year) put me in the financial position that I am in now, except that now I don't wanna stay passive anymore since this cash could work for me much more efficiently than it currently does.Appreciation will keep being good for a while: 2 university campuses just opened 3 minutes from my places, 2 subway stations, 1 light rail line, access to major highways 1 minute away, and a whole new downtown area is also being built ( I live in a city of 350 000 people next to a major city of about 2 million)My real concern is leaving 321 000$ sitting in a building and not working for me.

For example, I'm selling a few gas stations right now. 

They will pay a premium to be within an easy commute of their job in an apartment run by a landlord they feel they can trust and who's prompt and professional on maintenance, even in a poor neighborhood.A top reason a pocket neighborhood forms is a police station.